First Derivatives revenue soars 41pc
Published 17/05/2016 | 07:55
Newry-based fintech company First Derivatives posted a 41pc rise in revenue in its last financial year, taking in £117m.
Adjusted pre-tax profit rose 56pc to £16.8m.
Chief executive Brian Conlon said the increases were fuelled by positive market conditions and the benefits of prior investment.
The company provides a range of products to the capital markets industry. Its Delta Surveillance product helps guard against suspicious trading.
The product was taken up by IEX, a upstart trading platform that was the subject of well-known financial author Michael Lewis's 'Flash Boys'.